Provident Financial Services
252 hedge funds and large institutions have $1.29B invested in Provident Financial Services in 2024 Q2 according to their latest regulatory filings, with 81 funds opening new positions, 120 increasing their positions, 38 reducing their positions, and 32 closing their positions.
216% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 38
153% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 32
60% more capital invested
Capital invested by funds: $805M → $1.29B (+$484M)
22% more funds holding
Funds holding: 206 → 252 (+46)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.19% less ownership
Funds ownership: 72.98% → 68.78% (-4.2%)
99% less call options, than puts
Call options by funds: $806K | Put options by funds: $145M
Top Buyers
| 1 |
BlackRock
New York
|
+$85.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$85.3M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
+$56.8M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$38.5M |
| 5 |
State Street
Boston,
Massachusetts
|
+$36.8M |
Top Sellers
| 1 |
Millennium Management
New York
|
-$16M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$8.63M |
| 3 |
Walleye Capital
New York
|
-$4.58M |
| 4 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$4.24M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$3.94M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EC
276
EntryPoint Capital
New York
| – | -$75.6K | -5,189 | Closed |
|
|
MLICM
277
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$56.7K | -3,891 | Closed |
|
|
NFSG
278
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$8.92K | -612 | Closed |
|
|
GI
279
GAMMA Investing
Foster City,
California
| – | -$3.26K | -224 | Closed |
|
280
Bessemer Group
Woodbridge,
New Jersey
| – | -$3K | -193 | Closed |
|
|
AF
281
Advisornet Financial
Minnetonka,
Minnesota
| – | -$1.02K | -70 | Closed |
|
|
PFBT
282
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$277 | -19 | Closed |
|
|
SIC
283
SJS Investment Consulting
Sylvania,
Ohio
| – | -$44 | -3 | Closed |
|
|
JWA
284
JFS Wealth Advisors
Hermitage,
Pennsylvania
| – | -$15 | -1 | Closed |
|
PFS Hedge Fund Activity: Q2 2024 in Review
252 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2024, worth a combined $1.29B — up 60% from $805M a quarter earlier.
Buyers outnumbered sellers: 81 funds opened new PFS positions and 32 closed out — a net gain of 49 holders — while 120 added to existing stakes and 38 trimmed.
The largest buyer was BlackRock, adding an estimated $85.6M. The largest seller was Millennium Management, cutting an estimated $16M.
- 252 institutional investors held Provident Financial Services (PFS) as of Q2 2024, up from 206 in Q1 2024.
- Funds reported $1.29B of Provident Financial Services stock for Q2 2024, up 60% quarter-over-quarter.
- 81 funds opened new Provident Financial Services positions in Q2 2024 and 32 closed out, a net change of +49 holders.
- The largest Provident Financial Services buyer in Q2 2024 was BlackRock, an estimated $85.6M added.
- The largest Provident Financial Services seller in Q2 2024 was Millennium Management, an estimated $16M sold.
Based on aggregated 13F filings for Q2 2024.